Resolution 2011 - 16 - Laserfiche WebLink

Home Browse Search

d I I I I I i 314-436-1000 GI LMORE- BELL KANSAS CITY, MISSOURI FAX: 314-436-1166 A PROFESSIONAL CORPORATION WICHITA, KANSAS WWW,GILMOREBELL.COM ATTORNEYS AT LAW LINCOLN, NEBRASKA ONE METROPOLITAN SQUARE 211 NORTH BROADWAY, SUITE 2350 ST. LOUIS, MISSOURI 63102-2733 October 28, 2011 Mr. Lehman Walker City Manager City of University City 6801 Delmar Boulevard University City, Missouri 63130 Re: Proposal for Special Tax Counsel Services for the City of University City, Missouri -- Refunding Certificates of Participation Dear Mr. Walker: Pursuant to the City's request, we are pleased to submit this proposal to serve as special tax i' counsel in connection with the proposed issuance by the City of University City, Missouri (the "City")of Refunding Certificates of Participation (the "Certificates") for the purpose of refunding the City's outstanding Certificates of Participation, Series 2003 and Series 2004, which were issued to finance or refinance certain recreational facilities in Heman Park, a city-owned parking garage, and renovations and improvements to the City's police and fire stations. The purpose of this letter is to set forth our responsibilities and fees with respect to this financing. Scope of Services As special tax counsel, we are engaged as recognized independent legal counsel whose primary responsibility is to render an objective legal opinion with respect to the authorization and issuance of municipal obligations and the income tax treatment of the interest thereon. As special tax counsel, we will perform the following services: 1. assist and advise the City and WM Financial Strategies(the "Financial Advisor")on legal matters relating to planning the financing and structuring the issue; 2. examine applicable law as it relates to the authorization and issuance of the Certificates and our opinion, and advise the City regarding the legal authority for the issuance of the Certificates and other legal matters related to the financing;